Evening Star Newspaper, December 23, 1936, Page 21

N F OIL SHARES RISE IN CURB TRADING Industrial Specialty Issues Also Advance Sharply. Some Losses Seen. By the Associated Press. NEW YORK, December 23.—Oils and industrial specialties scored sharp gains in the Curb market today. Newmont and Aluminum Co. of America were outstanding leaders with advances of more than 4 points each. Gulf Oil rose about 2%;. Issues improving fractions to around a point included American Airways, Niagara Hudson Power and Wayne Pump. ‘There were a few scattered declines, Including Red Bank Oil, off about 2. Increase Shown By Construction Awards of Week By the Associated Press. NEW YORK, December 23.—Engi- neering construction awards for the week ended Tuesday totaled $49,856,- 000, compared with $39,853,000 the preceding week and $64,307,000 in the corresponding period last year, Engi- neering News-Record reported today. Private work predominated in the latest week’s total, amounting to $33,- 657,000, compared with $16.199,000 of public projects, including $2,062,000 in Federal work. The larger projects included a $3.- 000,000 third unit of the Union Bag & Paper Co.s pulp plant at Savannah, Ga. CURB BONDS DOMESTIC BONDS. Alabama Pw 135 Alabama Pow 3s, s1081 ams F 313 107 1V, np 10ia 104 104 INANCIAL, THE EVEKNING STAR, WASHINGTON, “D. C, WEDNESDAY, DECEMBER 23, 1936. NEW YORK CURB MARKET Market Incomplete. Wire Trouble, By private wire direct to The Star IC Ivldznd n-u Add 00, High. Low. 2:00. Aero Supply (B) . 1 4% Alr InvestorsInc.~ 8 384 Air Invest cv pf. 1 28% Ala Grt Sou (13).. 80s 74 Ala Pwrpf (8) .. 100 8% Allen Indus (t1).. 1 4% AllesFisher_____. 2 4% Alliance Invest__. 2 83§ Alum’'n Co of Am 850s 138 Alum Am pf $118 loo- lun Alum'n Ltd.._.__ Am Airlines, Inc_. Am Book Co (4) . £0s Am Cit P&L (A) 3 §0¢ Am CitP&L Ba20c 1 AmCP&L ww2¥%_ 8 Am Cynam B t60c 39 Am & For Pw ww 8 AmFork&H (1) 38 Am G&E (1.40) .. 19 404 Am G&E pf (6) __ 60s 11134 Am Gen C’p (a50c) 9 1034 Am Gen Cpf (2) 1008 Am Hard Rub(al) :50e Am Lt&Tr 1.20). 2 AmL&Tpf (1%). 2 Am Mfg Co (a3)..100s Am Maracatbo ... 19 Am Meter (a2%). 1 Am Seal Kap a30c Am Superpower .. Am Superpwr pf_ Am Thread pf 25¢. Anchor Post F Angostura (120¢c) . Appalach E P pf 7 Arcturus Radio T Ark NatGas ___.. Ark Nat G cupf__ Ark Nat Gas (A).. Art Metal W 60c Ashland Oil & Ref Asso Gas & Elec.. AsSOG & E (A) . Asso G & E $5 of Assoc Invest (12) 1008 Atl Coast Fisher . 4 Atlas Corp (a80c). 36 AtlasCorpwar .. 6 Atlas Plywd a50e. 27 Austin Silver .. 62 Auto Vot M(150¢) 1 Bab & Wil a2.85 _ 160s 130 Baldw L bdrts(d) 20 24 Rarium Stain Stl 7 4 Baumn L 1st pf 17 20s 93 Bellanca Alrcratt. 2 6% Berkey&Gay FCo 26 2% Berk&GF pur war 20 1% Biiss Co (E W) 19 Blue Ridge Cal0c 11 Bohack (HC) .___ 2503 Bourjols (a75¢).- 1 Bower R B (a2%). Bowman-Biltmore Bowmn-Bilt 2d pf. Brazil TL&P 40c_. Brill Corp (A)._. Brill Corp pf Br-Am O cou t80c Brown Co pf Brown F & W al5¢ Brown Forma Buckeye P L (3) _ 1008 Buff N¢Epf1.60. 2 ls 3 3 1 2 1 100s 1 4000 s %+ | Bunker H&S (12) 200s 100} Comnty P & Cont G & E Det C Gas Det Tn Brd Georgia Pw Glen Alden R 4. Z103% nmi m.&" ~ 14043 10043 10013 2101101 1101 /N3, 83, ROY, N 4128 6 0618 10614 1 N Y st :c. 4138 50 Sah i 14 4135 'S0 E 1135 'S] F Enu Nn Gu 85 aa £id GaB ev 5 '35 cod 8id GAE 82 5 n Stand P&L 65 Tenn El Pw 574 T SnaE S 50,4 Wis P&L 4s '56 A FOREIGN nom;s Cauca_Val 7s ‘48 io de Jan s S53,0e dan, 5 HE el G S SHORT-TERM SECURITIES. (Reported by Chas. D, Bnmfi{ & (I:tok d. © e ABSRT ket T T 04 Calif. Packing Corp. 55 1940 1 Gar, Clin i, Olo, Bs 1038 R, «moo 4135 1939, St. L. 4 s. & Nash ichigan Cent. orris & Co. Y. Chi. & GHICAGO PRODUCE. CHICAGO, Decem] Hve, 41 mu: .u..'i"«?’ = mu‘ 3 4 2 Burma(al2 9-10¢) Cable El Prod vte. able & Wire(B) Can Hydr E 18t pf. 608 Can Marconi Carib Syndica Carrier Corp Casco Products ... Catlin Corp (a40c) Cen Hud G&E 80c Cent Ohio Stlal.1( Cent&S W Uil . Cent States Elec . 13 Cent St El cv pf n 2508 Cent St E1 6% pf 1008 Cent St E1 7% pf 100s Centrif Pipe t40c 2 Chi Flex Shaft 12 150» Chief Consol .. Childs Co pf Citles Service. Cities Service pf_. Cities Sve pf B __ Cities Sve pf(BB) 10s Cit Sve P&L $7 pf 150+ City Auto S(t60c) 8 Claude Neon Lts_. Clev Tractor Club Aluminum Colon Dev Ltd Celo Fuel&Ir war.. Colt'sP FAt1Y. 6 Colum G&E pf(5) 476s Columb O& G a20c 82 Com'with Ed (t4) 2 119 Com'with & S war. 23 Cons Afrcraft___. 11 Consol Copper 168 Cons Gas(Bo)3.60 8 Consol Retall Strs 2 Contl Securities 508 Cooper Bessemer. 2 Copper Range ... Cord Corp < Cosden Oi] Me A’d) Cosden(Me)pf(d) Court’'lds al35 2-5e Creole Pet (a5uc) Crocker-Wh allc. Croft Brewing _. Crown Cent Paéc 18 Crown Drug (40c) 7 Crown Drug pf 1%325s Cuban Tobvte._.. 2 Cusi Mex Mining_. 66 Darby Petr (50¢). Derby Oil & Ref _. Detroit Gasket t1. Det Stl Prodal3; Dist Ltd a46 4-5c.. Dubelier Condens Duke Power (3) .. 2008 Duval Tex Sa50c. & Eagle Pitchd aé0c 70 East'n G&F Asso 8 East G&F p pt 4% 100+ East'n Malle Ir 2. 125s East'n States Pwr 8 Easy W M B t500 2 Economy G S a1 200s Eisler Elec (asc). 7 Elec Bond & Share 121 Elec B& S of (6) 8 El Pwr Assoca2sec 1 Elec P&L 2dpt A 108 Elec Sh pf ww (6) 176s Electrographic t1 2 Emp G&F 6% pf 2008 Emp G&F 6% % pf 76s Emp G&F 7% pf_.200s Emp G&F 8% p*.. 2508 Equity Corp(a26e) 11 EuropnElbdrts. 1 Evana Wall Lead 3 Evans Wall L pt 1008 Ex-C-O A&T t60c. 4 Fairchild Avnew. 11 Falstaft Br (a13%) Fanny F C (150c) - Fedders Mfg (a2). Ferro Enam(a3).. Fidelio Brewery.. Fisk Rubber __. 38 Fisk Rub pf (6)__ 80 FlaP&Lpt . ___ 2008 Ford (Can) A (1) 7 Ford(Can) B a75c 176s Franklin Ray aé0e 1 Froedt't cv pf 1.20 80s Gen Alloys 5 Gen El Ltd aS6%c 7 Gen Firepr'f t40c. 1 Gen [nvest Corp . 2 Gen Pub Sv pf $15. 10s Gen TeleC'pal3s 7 Gen Tire & Rub 78 Gilbert(AC)pf 334 1608 Glen Alden C (11) 14 Godchaux (A) al. 600s Godchaux Sug(B) 6 Gorham (A) __.__ Gorham vtc ex(1). Grand Natl Films. Gr Rap Var(160c) Grt AGPTn v 16 IMI 1144 Grt A&PT 1st pf 7 50s 126 12 1 6 I } : | Greenfield T& D_.. capons, Sounds, 18.°" Dressed, turkevs, sieady to flm"he i 20 fess than 18 nds. ; No, 2 turkess i mm: Drices un- 5, 4,322 extrs firsts. n{nrnv.or ;xhn‘ 2% flnmrmr B murér-;m; o, Russets. January, , Fotatocs. k‘l:flnn‘tr -on o1 T8 llllhll’ nronnr und!lit"'h l!nnhern sl 7 | Guardiar lnnn‘- Gulf Oil Pa new. Hall Lamp (80c) .. Hecla Min (a60c). Heyden Ch ($2) __. Nollinger G t65c Holophane (a%0c) 2 Hormel & Co (1) . 50s Horn&Hard 11.60_100s 393§ Hudson BM&S (1) 42 Humble O11 (1) . 47 Huylers(Del)(d) & : | Huyl pf stpd (d) 1u; ygrade Food , | Hygrade Sylv(12) §0s 1) Pwr & Lt $6 pf 2000 imp Ol Ltd $50c 4 lnd'n Ter INO(A) 1 Indiana PL (t40c) 8 Ind'ap P&L pf 6% 60s Intl Cigar M 12 intl Hy E1 S cv pt. 4% 834 o4 334 8 27% 65 Stock and Sales— Dividend Rate. Add 00, High. u- 2:00. Int HE Sep A war 3% Intl Petr (T13% 843 Intl Products . [ Intl Safety Raz B. 1% Intl Utdl (B) . 3 14 Intl Utii warnew_ 1 ¥ Interst P(Del)pf_100s 21 Iron Firemen(t1). 808 24} Irving AirCh (1). 1 16} Ital Superpwr(A). & % Jacobs(FL)Co(1). Jeanette Gl ad0c. . Jones&Laugh Sti_ Kans City P 8 vto. KanCity PSpf A. 6% | Ken RT&L A a75c 43% 353 344 2 3 40! o4 % 6% 107% 13 % 5 7 " 6% 1/1 25!( 10% 163 3% 18% 25 ™ 130 2% 3% 93 5% 2% 1% 13 11e 128 1005 1% 6% % 7 " 634 1% 334 20 L1 103 16% 3% 18% 2% % 130 24 3% 9 54 2% Kingston Prod 400 Kirby Petr (20¢) Kreuger Brew (1). Lake Sh M (14)... Lefcourt Realty. . Leh Coal&N aé0c.. Leonard Of1 £ Lion Ofl Ref (1)__ Locke St1 Ch 80c._ Lockheed Atrcraft Lone Star G a60e. Long Island Ltg. . Long Isl Ltpf B 6 Loudon Pk'n t50c. La Land (40c) . McCord Rad (B).. McWilllams D (12 Mangel Stores __. Marion Steam Sh Masonite Corp(t1) Mass Util Associa Massey Harris May Hos pf ww 4_100s 55 85 Mead John (13) . 10 1198 1195 118% Mercantile Stores. 1 0% 40% 40% Merritt Chap & S 1 7% 6% 17 Merritt C&Spf A 268 59%5 6974 ID'A Mesabi Iron 4 % 4 Metal Texile(40c) 1 5% B34 Mex-Ohio Ofl. 2 2% 24 Mich BumperC_.. 16 3% 3 MichGas&O1l _ 1 8% 384 Mich Steel Tal.09 3 15% 15 MichSugar.. .. 2 1% 14 Mid Sta Pet (A).. 1 6% B% MidStaPet (B).. 2 1% 1% Midvale Co (a5).. 268 72 172 Mining Co (Can) . 1 8 8 Mock Jud Vos 60c 2 13} 13}4 1335 Moh H P&L 1st(7) 50 10814 10314 10835 Mohawk H 2d pt . 175s 11234 112 Molybdenum Corp 9 8} Monroe LS(A)320 3 8% Moore Dist (150c) 3 6y Mount Prod (60c). 11 5% Mueller Brass t1.. 4 43 Nat Auto Fib t1% 77}( ISK 1 304 9 1634 60}§ 3 x o 2% 35 3% 15 114 B3 1% 2 3y i | Nat Bella Hess Nat Contain a50c_. Nat Fuel Gas (1)_ Nat Investors Nat Invest war _ Nat Mfg & Stores. Nat P& Lt nf (6) Nat Rub Mch a20¢ Nat Sugar NJ (2) Nat Transit (75¢). Unfon Radio_. New Hav Cl (1‘7). New M&A Ldalc. % Newmont M a3% . 9% | Perfect Circle t2 1008 % | Phoenix 8 pf A(3) 1 34 | Root Petrolm (1)_. 14| Stand P& L (B) 934 | Stand Prod (a25c) 164 126 293¢ | Tubize Chatl (A). New Process (2) . N Y Pw&Lt pf IG) Niag Hud Pw a40c Niag H P(A) war_ Niag 8 Md B a6Cc. Niles-Bem-P (al). Nipissing (a50c) . Noma Elec (a40c). North AmL&P North AmL&P pf 300s N A Ray pr pf (3) 1 NoCen TexOalsc 4 North'n Europ Of1 4 No In PS6%pfi4ls 108 North States P A 5 Ohio Edis pf (6).. 2508 Ohio Pwr pf (6)... 10s Okla Nat GasCo.. 17 Okla Nat Gas pt_. 850s Oldetyme Distil __ 3 PacG&E1st (1%) 2 Pacific Ltg pf (6). 50s Pac Public Service Pac Tin spec (12) 8008 Pan Am Afr (t1)_. 2 Pantepec O11 - 267 Param’t Motors.... 208 mm 10344 10334 59 17 t 1334 @y 2% 90 107§ 10734 10744 12 nz 112 13 12% 13 31 301 31 85 8% 8% 31 308 30y 10675 106} 10675 s T 4% 4 4y P sm 84 94 5% s's 95 a3 1103 11015 159% 160 87 87 133 133 33 331 181 13%4 38% 3874 24 2134 45 5 g 8 Penna Salt (N --.1768 Penn Wat& P (4) 1 Pepperell Mfg(16) 25s 133 Phillips Pkga50c. 4 Pie Bakeries t1.60 1 Pion’r GM Ltd 80c 20 Pitney Bow (40c) 16 Pittsbgh Forging 6 Pitts& L E 123, .. 160s Pitts PIGl (a6)... 2 Potrero Susar 13 Powdrell&Al t60c 8 Premier Gold 126 12 Pressed Met (12)_ 1 Producers Royal 25 14 Prudential Inv (1) 1 115 115 113 Prudent Inv pf(6) 200+ 10214 10235 10234 Pub Sve Ind pf 10, 82} 821{ 32 ©ug Sd P&L pf(5)100s 86 86 86 Pug SA PEL $6 Df 60x 465 46% 46'% Pyrene Mfg(ad0c) 1 8§ 84 835 163§ 8615 861y 8614 1268, 12514 1251, o4 ey 1 10% 11 8% 3h; 8y 343 am 343 Quaker Oats pf(6) 60s um ung um %lQ 2034 ec Power (1) 60s R}' & Lt Secal.55_ 258 Raymond Con a50¢150s Raym'd Con p£(3) 25s Red Bank. Reed R B new 180« Reiter-Foster __ Reybarn Co flsc.. Reynolds Invest._. Rooseveit Field ... 213 174 8 2l)i 173 28 63 L 1 8 4 1 Rossia Intl Corp Royal Typewriter Rustless [r&Stl . Ryan Consolid'd . St Anthony Gold.. St Regis Paper St Regis Paper pf 1 Schift(The)Co(13) Segal Lock&H . 3 Seiberling Rubber & Selby Shoe ¢2) ... 50s Selected Indu 4 Sel Ind all cfs 6% 260s Sel Ind pr pt (53)100s Sent Saf Control 6 Seversky Aircraft 1 Seton Leath a50c.. Shattuck Den Min Shawin W &P 80c. Shrev-El Dor P&L Smith Cor v ext t1 Sonotone C (a10c) So Penn Ofl(t11) SoCalEdpfC1% South'n Colo P A _. Sou Royalty t40c_ Spen Chain St 60c. Std Oil Ky (11.40). Stand Oil Ohio #1. Stand Oi1 Oh pf 6. Stand Pwr & L 17 2 a1y 27 5 8% 6 1915 1915 19%4 13 7% 6% 371 Wl IOB/‘ l“" XDGH 1 45( cu 4)( 1 23 28% 23% Stand S1I&Ld (4c) 2 34 p Starrett Corp vte. 6 53 s’;: sg'fi Sterling Bra76c_. 1 65 6 6§ Sterling Inc(abe) 16 4% 485 43 Stetson (J B) . 1508 22% Stroock & Co(2%) 50s Sullivan Machine. 1 Sunray Oil (al0c) 28 Sunshine Min (3). 21 Swiss-Am Elec pf 1008 Taggart Corp ... Tampa El (2.24) . Tastyeast(Del)A. ‘Taylor Dist (30e). Technicolor a50c... ‘Tech Hughes 1400 Tenn Products Texon Ofl & L 80c. Tob Prod Exp 16c. Toledo Edis pf (6) Tr-Lux DPS t20c_ ‘Tri-Contl C war Tubize Chatillion. 26% 4 ung-Sol Lump n_ ‘Tung-S L pf (80c) Twin-Coach a1.40. Un GasCan a33%0o Unit GasCorp .- Unit Gas C war Unit Gas pf(33 Umit Lt & Pw (A). Unit Lt & Pw (B). Unit Lt & Pwof Unit Prof Shalle. Unit Shipyds B . Unit Shoe M t2% 100 U 8 Finishing U 8 Foil (B) (1) - U S & Int] Secur _ US&IS 1stwwis i Gnalonaans P 16% | EXTRA OF a0 CENTS VOTED BY LERNER <z X i Payment Added to Usual Rate—Anheuser-Busch Orders Special, By the Associsted Press. NEW YORK, December 23.—Direc- % | tors of Lerner Stores Corp. declared today an extra dividend of 50 cents 73| and a regular quarterly of 50 cents on the common stock, both payable January 15 to stock of record Janu- ary 6. The company operates a chain of ‘women's apparel stores in 135 cities throughout the United States. Fairchild Aviation. Directors of Fairchild Aviation have declared a common dividend of 15 cents, payable December 29 to stock of record December 28. The disburse- ment is payable in 5 per cent notes, due December 29, 1937. Sherman M. Fajrchild, president, commennn( on the declaration, said while the company’s cash was suf- ficient to make the payment, directors felt it best not to diminish working capital. Anheuser-Bush. Anheuser-Busch, Inc., St. Louis brewers, announced a special dividend of $5 a share on the capital stock, pay- able December 28 to holders of record December 22. The payment will bring the total declared for the year to $12 a share, CORPORATION REPORTS TRENDS AND PROSPECTS OF LEADING ORGANIZATIONS NEW YORK, December 23.—The following is today’s summary of cor- poration news prepared by Standard Statistics Co., Inc., New York: | Consolidated Chemical Industries, Inc.—Declared an extra dividend of 121, cents and regular quarterly divi- (| dend of 37!, cents on class A and class B stock, payable February 1. Cooper-Bessemer Corp. — Company declared operative its plan of capital readjustment. Merritt-Chapman & Scott Corp.— K compiny was awarded contract for 1; | construction of first unit of $7,000,000 pulp and paper board mill for Con- tainer Corp. of America at Fernan- dina, Fla, American Smelting & Refining Co. —Company advanced price of lead 40 points to 6 cents a pound, New York. ‘Warner-Quinlan Co.—Federal Judge Hulbert, New York, fixed February 5, 1937, as the date for sale at auction %5 | of this company's 231 service stations and set an upset price of $4,180,750. Bethlehem Steel Corp., subsidiary Bethlehem Steel To., is reported to have taken a ‘ontract for 47,700 tons of cast iron and steel tunnel rings for the midtown New York tunnel under the Hudson River; over last week company's total orders were around 55,000 tons. Tubize Chatillon Corp.—It was said production in company’s Rome, Ga., plant will be increased from 10,000,- 000 to 16,000,000,0C0 pounds of yarn annually. Columbia Broadcasting System, Inc. —Billings of this company in Novem- ber, 1936, amounted to $2.483,657, compared with $1,722,390 for Novem- ber, 1935, an increase of 44.2 per cent; total billings for 1936 were estimated at $23,289,000, which would compare with $17,637,804 for 1935. New England Telephonc ‘& Tele- graph Co.—Company reported a gain | of 42083 telephones for first 10| months of 1936; in like period of 1935 there was total gain of 15922 tele- phones. Public Service Co, of Northern Iili- nois—November net income was| $417415, against $245.646: in 11| months net income was $3,074,922, against $2,869,371. Radio Corp. of America—Revenue of National Broadcasting Co., sub- sidiary, in November, 1936, was 19.5 per cent greater than November, 1935. Ford Motor Co.—It was said com- pany will work three days this week and possibly four, but will be closed the remainder of the week because of the parts shortage; it was stated that 12,000 men have been laid off tempo- rarily until sufficient parts are on hand to resume full-time operations. c. American I. G. Chemical Corp.— Declared regular annual dividend for year beginning April 1, 1936, in amount of $2 on class A common and 20 cents on class B common and extra dividends of 50 cents on class A com- mon and 5 cents on class B common, all payable December 29; on May 6, 1936, company paid regular dividend 1¢ | Of 81 and extra of $1 on class A and regular of 10 cents and extra of 10 cents on class B common. Eisler Electric Corp. — Common share earnings, nine months ended September 30, were 20 cents, against 11 cents. Chicago, Milwaukee, St. Paul & Pa- cific Railroad—New York fiscal rep- resentative of company announced that a court order authorizing trus- tees of company to pay interest of $1,984,085 on its mortgage bonds. The interest is equivalent to two-thirds of the semi-annual coupon interest that fell due on July 1, 1936, and two- thirds of the quarterly interest on general mortgage fully registered bonds that fell due on July 1 and Oc- tober 1, 1936. Northern Pacific Ry.—Directors of Northwestern Improvement Co., sub- NE Continued From Page 20. p.m. Stock an ‘ow. _ Dividend Rate. lu% .‘“ W.LI‘II ll (li"). m uf- ll lnt nllc 19% Westvaoco Chlor (1) 31% Westvaco 5%t 1% 21% Wheeling Steel. 84 whullnl 8t1 pf(16) 18% White Motor _ 13% White Rk M 8(1. 0) 8% White Sewing Mch. 16 White Sew Mech pf.. 2% Wileox Of]l & Gas... 6% Wilson & Co (50c).. 44% Woolworth (3.40).. 23% Worthington Pum; 86% 56 Worth PumppfA.. uu 30% lm Foreign Copp'er Price Is Boosted To Further Peak By the Associated Press. NEW YORK, December 23.—Active trading in foreign markets sent the price of export copper up today to 1175 cents a pound, the peak since July, 1930. Today's price represents an advance of .12, of a cent & pound over yes- terday’s quotations. Heavy demand for industrial and armament uses in Europe, with some speculative buying, was ascribed as the reason for the bull market. Some other commodities rejoined the upward movement today. Crude rubber futures, after several days of inactivity, soared as much as .57 of a cent, touching 21 cents a pound, the best price since March, 1929. Cocoa futures were also up sharply, gaining from .30 of a cent to .38 of & cent. DAILY OIL OUTPUT UP 26,200 BARRELS Petroleum Institute Announces 8,145,700-Barrel Average for Latest Week. BY the Associated Press. NEW YORK, December 23.—Daily Bales— Add 00. High. Low. Close. 24 4 3% 33 1 86% 364 36% + 4% 2 luu 103 103% + % 24% Prev. 1936 High. Low. Chge. 144 144% + % 151% 151% —2% 24% 24% + % 23% 24 38U + % 33 24% + W Wtk a0 am 1:00 P. Moo oo Stock und Dividend Rata, Worth Pump o2 B 83% Yale & Towne t60c.. 22% 8% Yellow Tr & Coach. 163% 83% Yellow Tr&C pf 335 42% Young Spr&W (13). 87% 41% Youngs'tn SheetaT 42% ll% In!ll RMIO.-_... FINANCIA W YORK STOCK EXCHANGE 2:16 p.m. Balos— Add 00. High. Low. Close. Uhll 3 6% T4% T4% — 30s 119 117 117 -2 2 50 B0 B0 +1% 336 22% 21% 22 & % m 169 156% lli'l -1 44% 43% d4u ” ™% TT%h 9% +1% 9 84 3% U+ Y 4% T % )-- lll.dll‘ch-ml.! Stock Exchange. 430,000 1.090.000 13:00 Nooa......... 820,000 P.M. .. 1340,000 mum-wtumunmmmn-n extras 1d last vear ALL-TIME RECORD SET - BY ANNAPOLIS MAIL By the Associated Press, ANNAPOLIS, Md., December 23.— William A. Strohm, local postmaster, reported a record-breaking Christmas business. He pointed out that a total of 53,770 letters passed through the stamp- canceling machines yesterday, setting an all-time record. The previous rec- ord was on December 21, 1935, when 41,000 stamps were canceled. These cancellations did not include the business of the .Naval Academy branch office, where yesterday a total of 15,000 stamps were canceled. THE WEATHER District of Columbia—Fair, not so cold tonight; lowest temperature about 28 degrees; tomorrow partly cloudy and warmer; PFriday cloudy, with mod- erate temperature; gentle to moderate northerly winds. Maryland and Virginia—Generally fair and somewhat warmer tonight and tomorrow; Friday cloudy, with mod- erate temperatures. West Virginia—Partly cloudy to- night and tomorrow; slowly rising temperature. River Report. Potomac and Shenandoah Rivers muddy today. Report for Last 24 Hours. Temperature. Barometer. Degrees. Inches. average gross crude ofl production in| : a o the United States increased 26,200 barrels in the week ended December 19, totaling 3,145,700 barrels, the American Petroleum Institute's weekly summary indicates. Daily average production east of California increased 26,700 barrels to 2,552,200 barrels. Reports received from refining com- panies owning 89.9 per cent of the es- timated daily potential refining capac- ity, and which was operated at 77.9 per cent of potential, indicate that the industry as a whole ran to stills 2,990,000 barrels of crude oil daily. The daily average for the previous week, based upon refineries represent- ing 89.9 per cent of the total capacity and which operated at 769 per cent of their capacity, was 2,955,000 barrels. Record for Last 24 Heurs. (Prom noon !enurdl{ to noon today.) rsl."fi » at p.m. yesterday. Year Temperatures This Year. Highest. 105. on July 10. Lowest. 0, on January 23. Humidity for Last 21 Hours. Erom pogu yesterday to noon today.) Highest. 56 per cent. galowest: 38 per cent, " . yester- Tide Table: (Furnished by Dnited States Geodetic Burvey.) Finished and unfinished gasoline | stocks at refineries, terminals, in tran- sit and in pipe lines totaled 59,205,000 barrels as of the end of the week, compared with 58,015,000 barrels as of the end of the previous week. Cracked gasoline production by com- panies owning 959 per cent of the potential charging capacity of all cracking units indicates that the in- dustry as a whole produced an aver- | M) age of 690,000 barrels daily for the week, compared with 675,000 barrels | Jure daily for the previous week. ' Washington Exchange SALES. | Capital Transit—10 at 131%. Potomac Electric Power 5!2 10 at 113. Potomac Electric Power 6% pfd.—10 at 1113, 5 at 11115, % pfd— | Capital Traction 5s—$500 at 93. AFTER CALL. C. & P. Telephone of Va. 55—$100 at 106, $100 at 106, $100 at 106, $100 at 106. Potomac Electric Power 515% pfd.— 10 at 11213, 10 at 11213, 5 at 11215, 5 at 11215, Lanston Monotype—10 at 88. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Tel. & Tel. 4 Amco:‘m & pot e 1 MIEOI'LLAN!OVS 0 Chevy Chase Club 5'ss. Col. Colmtri Club 528 W. M. Cold Storage 5s. STOCKS. PUBLIC UTILITY. & Tel. (9)--.. Clvlul Tflmlt Co. N. & W. Ste: BANKS AND TRUST ( Amer, Sec. & Tr Cn (eR) ”DO Beth L78) . Rlln (g) Riggs pfd. w hington (8) _. ash. Loan & 7. American Hremzn 's_(1.60)° National TITLE Columbia (.30).. Real Estate (6) _. sidiary, declared regular annual divi- 44 | Utah Apex dend of $992,000. —_—e Stock and Salse— Dividend Rate. Add 00. High. U S Lines pt % U 8 Radiator z 8% U S Radiatorpf... 25s 62 USRubReclaim. 1 8 UnitStoresvte___ 6 % Unit Verde £x (1) 23 33§ Unit Wall Paper.. 15 4% 14 1% UtahP&Lp?32.91%. 768 65 Utica GEE pf (7). 20s 101 Utilities Pw& Lt. 1 1 Util PwraLt (B). 1 Utll Pwr & Lt pf. 200s 223§ Util & Ind (new). 2 Utility Eq pf (a7) 126s 87 Venezuela Petrol. ¢ Walker Mining 3 Wayne Pump (50c 8 Well't'n Oil of Del. 10 W VaCoal & Coke 1 West Au Sup A t4 400s West'n Md pf (37) 10s Will 0i1-O-M ab0c 1 ll”‘ Wil-low Cafe pf._. : 8 455 Wolverine T t40c. 2 12} Wright Harg t40c 82 % Ygstn St Door 11 22 66 Yukon Gold(ai3c) 25 3 Carpel Corp. (2.00) Mernnthlm Llnn (' 00) . l 50 llflxg . 118 3\ +1.50) Wdwd. Ex S dlv\den ). 1036: 606 Daid 30, 1936; 45¢ pald De- ulflblr 2 PHILADELPHIA PRODUCE. "".‘3.;‘;?.‘;?"1-%. M ey. (L0817 onlm-ry 1 4; 2 ey, lm m P. L un“. l ol i"h wl h‘ 14a18: mfi'&f'm‘."x’fi nev. 1! 9 15817, = 3’ 5:'6" Ry, 5o | 3 EMPLOYES TO GET $42,000 KENOSHA, Wis., December 23 a:“—h | Sun. today Sun. tomorrow Moon. today Automobile lights mlm be one-half hour after sunsel Prumuuc-. precipitation in inches in the cntul (c\mtm month to date): nmu. 1036. Ave. 7 3. turned on AODS DMN-T, & ,._”_ ga%eaRek x Weather in Vlrhfll Cllh& Temp. Rain- Stations Baro K Low.fall. Weath's Atlantic City Baltimore. Md Birmingham Bismarcl | Boston. Mass. Buffalo. N. Y. Charleston, Chicago, 1il_ Cincin) Clevelane h Columbia, S. C. Denver. Colo. Detroit. Mich. Paso. Tex. Galveston, Tex Hell al Indianapolis Jacksonville _. Otlanoma City. imaha. Nebr. Philadeiphin Ph i Tampa. WASH. D. 7 am. Greenwich time. today.) Stat| ‘Temperature. Weather. London. England Clou Paris. France Berlin, _Germa Brest.' France Birich. Switzeriand gt'%ckwslm Sweden ___ rajtar. Noot wfirunwleh t Horta 4hyll) Azol n Juan Hlvln- Cuba, Colon. Canal Zone - U. 8. TREASURY NOTES. (Reported Ly Chas. D. Barney & Co.) e d ey 2222, [N 293y ds: SSRGS 555255352555 222221828 o 5535555555553 2322222223223 25 & 88 BB BI 33 NEW YORK PRODUCE. 30908 Toriar CMbea "o 'T_nr FeiFlesrators el packs aoa andards. 26%4%; other "aired ool ore_unchi erv'"fl’&' :}‘:":2:' o A mflx e 4 e riees dnchanged. Chstae: 200,578, Qulet. but steady ul 3 By mm'tmea kens, ihorn. 'a“mm' I ) brelei Drices unchanged U. 5. TREASURY POSITION. By the Associated Press. s Dolmon o She Treasury on el AT g;ss‘__ -nnwus 851, M& for l)o& year (; llnu 'ns é‘ ‘&afl"""ix. 536,800 uuu. "$11.! xunm !' UT' uus ‘gv s !ms . osu ® o Companies vevarted £ Seoetversals or bumms reorganised. x Ex dividend. Further Climb In Steel Output Forecast for 1937 By the Associated Press. CLEVELAND, December 23.—Steel circles predicted production in 1937 may exceed 1936 by as much as 15 per cent, barring unfavorable price conditions and labor controversies. The forecast was based in part upon the following factors: Increased public purchasing power, undiminished requirements of the au- tomobile industry, continuation of the upward trend in the durable goods fleld, railroad demands for new equip- ment and replacements and renewed activity in the gas and oil industries. A. J. Hain, managing editor of the Magazine Steel, said: “Steel works are going into the new year operating at about 80 per cent and it will not be surprising if they reach practical ca- pacity early in 1937.” DOLLAR iS UNCHANGED By the Associated Press. LONDON, December trading dull, the United States dollar and the French franc closed un- changed from Tuesday in the foreign exchange market today. The dollar ended at 491%; to the pound, which also was unchanged as compared with the overnight New York rate. PFrench frans finished at 105.15 francs to the pound. PARIS, December 23 (#).—Three per cent rentes, 74 francs 30 centimes; 415 per cent rentes, 78.65. | Exchange on London, 105.15. dollar was quoted at 21.40%. LOANS TO BUSINESS AND INDUSTRY JUMP By the Associated Press. NEW YORK, December 23.—Loans to business and industry by Federal Reserve members in leading centers months during the latest week. | Chief causes of the upturn, banking | circles said. were increased advances | inventory positions. “Other” loans of members in 101 | cities, reported by the Federal Reserve Board, compared as follows: Week ended December 16, $4,219,- 000,000; previous week, $4,100,000,000; same period last year, $3,410,000,000. TRANSIT DIVIDEND VOTED. CHICAGO, December 23 (#).—Di- rectors of the Chicago, Duluth and Georgian Bay Transit Co. declared a dividend of $3.50 a share on the pre- ferred stock to stockholders of record December 12. Dwight Douglas, exec- utive vice president, reported the com- | pany’s business in 1936 showed a nin' ,of 3712 per cent over 1935. ON IMPROVED Loans payabi is not made. holiday season, we that of the friends sent to us. IN LONDON DEALINGS| B7:: The | I experfienced the widest gain in many | S to finance Christmas trade and loans | Stang Am to permit forward buying of commod- | ities by many corporations with light 8 All through the year our thoughts have centered on our ssrvice to you. At this the service you have rendered us. We sincerely appreciate the business you have entrusted to us, as well as L. 2x%. A—21 MERGER APPROVED FOR KELVINATOR Stockholders Favor Plan for, Consolidation With Nash Motors. By the Associated Press. DETROIT, December 23.—Stock= holders of the Kelvinator -Corp. ap- proved & merger with the Nash Motors Co. at a special meeting here today. Announcement of the approval said that holders of 878,772 shares voted for the merger and 1,200 shares were voted against it. The company has 1,196,800 shares outstanding. ‘The merged company will be known as the Nash-Kelvinator Corp., with 4,375,600 shares of issued stock. The merger will be effected on a basis of one and three-eighths shares of stock in the new company for each present share of Kelvinator stock and one share of new company stock for each share of Nash Motors stock. —_— INVESTING COMPANIES NEW YORK. December 23 (#).—New York Becurity Deatere Accociation, e (Noon quotations.) Admin Fd 2d Inc _. Am Business oohrs Am Gen Am Ins chks = Bancamer Biair Bank Group Shrs _ Bankers Nat Inv Corp Basic Industry Broad St In = Butlock Funa _ Corporate Trust Corporate Trust A Corp Tr A A mod Corp Tr Accum Ser Corp mod - Cumumne Tr sh Depos Bi J 23.—With | p; A Tr Shrs B. Gen Investors Tr Toup Sec Agricultu p 8ec_Automobile Sec Buildin Sec Cn!ml Food Sec Sec Invest” Bhrs Sec Merchandise Sec Mining Sec Petrcleum Sec R R Equip Sec _Steel 8ec Tobacco BUSEEEETanBHnd! tdon PV ID BB NI s nvestors i Keyston Cust Fund B-3 Major Shrs Corp - Maryland Pund Mass Invest Tr Mutual Invest _ Nation' Wide Se . e Sao: Super of Am Super of Am Tr Supervised Shrs Trustee Stand Inv C. Trustee Btand Inv D Trusteed Am Bk Trusteed Industry Shrs . Wellington Pund FOREIGN MARKETS. LONDON. December 23 (P —With a continued demand for metal E security prices advanced in :url!l. u Industrials DI 203k 00 P DD D AN D ot ettt stk S ine Pronotinced strenth. The mlmnl 'mu oll xecuuns were also active and firm. while home rails. forelgn bonds and gilt-edged securities held steacy. PARIS—Prices were mixed in today" urse. Rentes closed with net losses of 50 centimes to a net gain of 10 centimés in ont series. Bank of nce 18 francs up at !ernluonll shares were firm. D. C. PROPERTY Immediate attention on your ap- plication for buying, rebuilding or refinancing. le monthly. No charge for appraisal if loan Interest charged only on unpaid balance of principal. EQUITABLE CO-OPERATIVE BUILDING ASSOCIATION 915 F STREET N.W. like to think about you have so kindly May our sincere thanks be expressed in Yuletide fashion: “A veryMerry Chris tmutoygunlll" McLachlen Banking Corporation Since TENTH AND G 1891 STREETS, N. W. 8.W. Branch, 12th and Maryland Ave. S.W. ' Member Federal Deposit Insurance Corporation